Technology News Alert

Apple CEO Cook to propose tax overhaul

Apple chief executive Tim Cook plans to propose a "dramatic simplification" of corporate tax laws when he testifies for the first time before Congress next week, just as lawmakers are eyeing an overhaul of the tax code.

In an interview, Cook said he will present specific proposals at a Senate hearing Tuesday to encourage companies to bring back foreign earnings to the United States and invest that money into creating jobs and research and development.

Read more at:
http://www.washingtonpost.com/business/technology/apple-ceo-cook-to-propose-tax-overhaul/2013/05/16/d8e9e6a6-be4e-11e2-89c9-3be8095fe767_story.html

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